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New South Wales (NSW)Sydney

The Economy

Rental crisis continues to grip NSW, as vacancy rates fluctuate - RIENSW

The REINSW Vacancy Rate Survey results for May 2023 show that residential vacancies in Sydney remain at crisis levels.

Victoria (Vic.)Melbourne

Featured Property

World-class sub-penthouse Sapphire by the Gardens for sale - Colliers

Level 55 63 La Trobe Street, Melbourne for sale by Nancy Monitto of Colliers in conjunction with Steven Chen of The Agency Projects has panoramic views of UNESCO World Heritage Carlton Gardens.

International

The Economy

Clearance rates on the rise at Ray White New Zealand auctions

Ray White New Zealand recorded a 59.2 per cent all sold clearance rate last week, up 20.27 per cent year on year.

National

The Economy

Australia now attracting more wealthy migrants than anywhere in the world

According to Nerida Conisbee, Ray White Chief Economist, Queensland is on track this year to see more international migrants arriving than ever before.

National

The Economy

Tips for tenants in today’s tight rental market

McGrath’s Head of Property Management, provides some tips for tenants, with a focus on how you can increase your chances of securing the rental home you want.

Victoria (Vic.)

Featured Property

69-acre Hampton's style Hesket estate for sale - Marshall White

335 Colwells Road Hesket for sale by Chris Barrett of Marshall White delivers superb equestrian facilities and views to Hanging Rock.

New South Wales (NSW)Sydney

Featured Property

Tropical Oasis on Sydney’s Upper North Shore for sale - The Agency

222a Warrimoo Avenue St Ives Chase for sale by Glenn Curran of The Agency offers the opportunity to embrace a permanent holiday aesthetic of a luxury Balinese resort.

National

The Economy

Housing downturn makes Australia’s million-dollar club more exclusive - CoreLogic

This time last year, CoreLogic's Million Dollar Market report featured a record number of house and unit markets at the suburb level with a median value of $1 million or more.

National

People

LJ Hooker Group Shines with Unprecedented Success at Property Management Conference

More than 650 LJ Hooker Group professionals, from across Australia and New Zealand, recently attended the real estate giant’s dedicated property management conference, aptly named Shine.

Victoria (Vic.)

Featured Property

Sustainable lock up and leave Daylesford for sale - Jellis Craig

705 Hepburn-Newstead Road Shepherds Flat for sale by Rebecca Stepnell and Gary Cooke of Jellis Craig offers a comfortable space within which to relish the natural surrounds.

Pages

News Roundup

https://www.rethinktokyo.com/china%E2%80%99s-housing-glut-japan%E2%80%99s-real-estate-market

Does China’s housing glut foreshadow the future of Japan’s real estate market?

China is stuck with 65 million empty apartments due to oversupply and overpricing. Will Tokyo's soaring real estate market face the same fate?

REthink Tokyo

https://www.thehotelconversation.com.au/news/2019/06/10/how-boutique-hoteliers-can-boost-their-cash-flow/1560165871

How boutique hoteliers can boost their cash flow

BMT Tax Depreciation have advised that boutique hotel investors may be eligible for thousands of dollars in property depreciation deductions, a non-cash deduction, meaning hoteliers don’t need to spend any money in order to claim it.

The Hotel Conversation

https://www.theaseandeveloper.com/news/2019/06/07/designs-unveiled-new-timber-office-building-melbourne-central/1559890273

Designs unveiled for new timber office building at Melbourne Central

Plans for a large-scale timber office building in Melbourne's CBD have been released to the public.

The Asean Developer

https://www.mingalarrealestateconversation.com/news/2019/06/11/interim-census-planned-november-year-review-growing-social-and-economic-affairs

Interim census planned for November this year - to review growing social and economic affairs

Rapidly growing social and economic affairs in Myanmar have triggered a plan for an interim census to be held this year announced by the Ministry of Labor, Immigration and Population.

Mingalar Real Estate Conversation

https://www.thehotelconversation.com.au/news/2019/06/06/naumi-hotels-revealed-buyer-dairy-private-hotel-queenstown/1559789741

Naumi Hotels revealed as buyer of The Dairy Private Hotel in Queenstown

Naumi Hotels – Singapore-based private hotel owner and operator announced today that it is expanding its presence in Australasia with the acquisition of business of The Dairy Private Hotel in Queenstown, New Zealand.

The Hotel Conversation

https://www.theindustrialist.com.au/news/2019/06/06/institutional-investors-dominate-brisbane%E2%80%99s-industrial-market-q1-2019/1559798816

Institutional investors dominate Brisbane’s industrial market for Q1 2019

There has been $230 million worth of logistics and warehouse sales in Brisbane so far this year, according to new data from Colliers International.

The Industrialist

https://www.commo.com.au/news/2019/06/03/park-ridge-retail-centre-sold-417-million/1559543434

Park Ridge retail centre sold for $4.17 million

A convenience retail centre at 3722 Mt Lindesay Highway, Park Ridge has been sold to a local investor for $4.17 million.

COMMO

https://www.commo.com.au/news/2019/06/05/sydney-and-melbourne-leading-two-speed-office-economy-says-lj-hooker/1559718137

Sydney and Melbourne leading two-speed office economy, says LJ Hooker

Sydney and Melbourne’s CBD office markets continue to underline the nation’s two-speed economy, but floorspace is being absorbed in resource-rich states, according to LJ Hooker Commercial’s recently released Office Market Monitor.

COMMO